Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Declares Monthly Dividend of $0.12

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) declared a monthly dividend on Tuesday, June 9th. Investors of record on Tuesday, June 23rd will be given a dividend of 0.12 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 11.8%. The ex-dividend date is Tuesday, June 23rd.

Abrdn Global Dynamic Dividend Fund Price Performance

Shares of NYSE AGD opened at $12.17 on Wednesday. The company’s fifty day moving average price is $12.06 and its 200 day moving average price is $12.01. Abrdn Global Dynamic Dividend Fund has a 1 year low of $10.32 and a 1 year high of $13.98.

Institutional Investors Weigh In On Abrdn Global Dynamic Dividend Fund

A number of institutional investors have recently modified their holdings of the business. Axiom Investment Management LLC acquired a new position in Abrdn Global Dynamic Dividend Fund in the 1st quarter worth about $36,000. Royal Bank of Canada raised its stake in shares of Abrdn Global Dynamic Dividend Fund by 21.4% during the 1st quarter. Royal Bank of Canada now owns 183,901 shares of the company’s stock worth $1,986,000 after buying an additional 32,424 shares during the period. International Assets Investment Management LLC lifted its position in shares of Abrdn Global Dynamic Dividend Fund by 32.2% during the 1st quarter. International Assets Investment Management LLC now owns 187,227 shares of the company’s stock valued at $2,059,000 after buying an additional 45,632 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of Abrdn Global Dynamic Dividend Fund during the 1st quarter valued at approximately $90,000. Finally, Absolute Investment Advisers LLC acquired a new stake in Abrdn Global Dynamic Dividend Fund in the 1st quarter valued at $130,000.

About Abrdn Global Dynamic Dividend Fund

Abrdn Global Dynamic Dividend Fund (NYSE: AGD) is a closed-end investment company that seeks to deliver a high level of current income along with the potential for capital appreciation. Managed by abrdn Investment Management Limited, the fund employs an active, research-driven approach to build a diversified portfolio of equity securities issued by companies around the world that demonstrate sustainable dividend payment histories.

The fund’s investment strategy combines top-down macroeconomic insights with bottom-up company analysis.